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SoftBank in talks to invest as much as $25B in OpenAI, report says
SoftBank is in talks to invest up to $25 billion in OpenAI as part of a broader partnership that could see the Japanese conglomerate spend more than $40
The talks come at a time when Chinese firm DeepSeek’s release of its R1 “reasoning” model, which was built on a relatively modest budget, rattled public markets this week. The chip giant Nvidia lost as much as $589 billion in a day before making slight recovery, as investors worried that big investments in expensive AI hardware might not be necessary if companies could achieve similar results with fewer resources. Manish Singh is a senior reporter at TechCrunch, covering India’s startup scene and venture capital investments.
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